artnet AG Berlin

ots Ad hoc-Service: AG AG Receives Capital Contribution
Funds Now Sufficient to Reach Breakeven

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement.


    Frankfurt, New York (ots Ad hoc-Service) - AG announces a capital increase by Euro 400,000. Founder and CEO Hans Neuendorf has contributed the entire amount in exchange for 111,420 shares (price per share Euro 3.59). The share price for this capital increase has been determined by the average of the Xetra closing prices for the 20 trading days prior to the respective board resolutions.

    Together with strong sales, increased collections and cost cuts, this contribution will allow the company to reach breakeven without the requirement for further financing.

    "Our two core businesses, the Fine Art Auctions Database and the Gallery Network are established businesses and industry leaders. They have shown an average growth of 97% over the past three years and give us every confidence that we can reach this goal", says Neuendorf.  

    Grace Schalkwyk CFO,

    Tel.: 001-212-497-9700 ext. 256 Fax.: 001-212-497-5001

    End of message ----------------------------------------------------- Internet:

Original-Content von: artnet AG Berlin, übermittelt durch news aktuell

Weitere Meldungen: artnet AG Berlin

Das könnte Sie auch interessieren: